Las Vegas Sands Corp (LVS) — Capital Reinvestment Ratio
Las Vegas Sands Corp (LVS) has a Capital Reinvestment Ratio of 0.23x as of December 2025, meaning it reinvests 0% of its operating cash flow ($1.20 Billion) in capital expenditures ($274.00 Million). Check LVS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Las Vegas Sands Corp Capital Reinvestment Ratio (2002–2025)
This chart tracks Las Vegas Sands Corp's Capital Reinvestment Ratio across 21 annual periods. For the full cash flow conversion analysis, see Las Vegas Sands Corp (LVS) cash flow conversion.
Annual Capital Reinvestment Ratio for Las Vegas Sands Corp (2002–2025)
Year-by-year Capital Reinvestment Ratio for Las Vegas Sands Corp from 2002 to 2025. See LVS free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.41x | $2.82 Billion | $1.17 Billion | ▼ -16.1% |
| 2024 | 0.49x | $3.20 Billion | $1.58 Billion | ▲ +26.6% |
| 2023 | 0.39x | $3.23 Billion | $1.26 Billion | ▼ -99.3% |
| 2021 | 55.93x | $15.00 Million | $839.00 Million | ▲ +16592.1% |
| 2019 | 0.34x | $3.04 Billion | $1.02 Billion | ▲ +66.0% |
| 2018 | 0.20x | $4.70 Billion | $949.00 Million | ▲ +9.6% |
| 2017 | 0.18x | $4.54 Billion | $837.00 Million | ▼ -48.4% |
| 2016 | 0.36x | $4.04 Billion | $1.45 Billion | ▼ -19.2% |
| 2015 | 0.44x | $3.46 Billion | $1.53 Billion | ▲ +81.2% |
| 2014 | 0.24x | $4.83 Billion | $1.18 Billion | ▲ +14.7% |
| 2013 | 0.21x | $4.44 Billion | $943.98 Million | ▼ -55.1% |
| 2012 | 0.47x | $3.06 Billion | $1.45 Billion | ▼ -16.4% |
| 2011 | 0.57x | $2.66 Billion | $1.51 Billion | ▼ -48.8% |
| 2010 | 1.11x | $1.87 Billion | $2.07 Billion | ▼ -66.2% |
| 2009 | 3.28x | $638.61 Million | $2.09 Billion | ▼ -89.2% |
| 2008 | 30.34x | $124.87 Million | $3.79 Billion | ▲ +192.3% |
| 2007 | 10.38x | $365.46 Million | $3.79 Billion | ▲ +611.5% |
| 2005 | 1.46x | $589.92 Million | $860.62 Million | ▲ +17.0% |
| 2004 | 1.25x | $373.37 Million | $465.75 Million | ▼ -38.9% |
| 2003 | 2.04x | $137.12 Million | $279.95 Million | ▲ +29.7% |
| 2002 | 1.57x | $86.84 Million | $136.74 Million | — |